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Islamic Finance 2022-2023: Same constraints, new opportunities
The global Islamic finance industry continued to expand in 2021 with assets up 10.2 per cent, versus 11.4 per cent in 2020, supported by banking asset growth in some GCC countries and Malaysia, sukuk issuances exceeding maturities, and the solid performance of the Islamic funds industry.
09 Dec 2022Read more
Cagamas concludes issuance of RM1.09bil bonds, sukuk
Cagamas Bhd has concluded the issuance of RM1.09bil worth of bonds and Sukuk, comprising RM735mil one-year Islamic Medium Term Notes (IMTNs), RM200mil three-year IMTNs and RM150mil five-year Conventional Medium Term Notes (CMTNs).
06 Dec 2022Read more
MFRS 17 does not change Syarikat Takaful Malaysia’s financial strength, CEO says
Syarikat Takaful Malaysia Keluarga Bhd (STMK) recently turned in a commendable set of third-quarter financial results and the stock is well-liked by analysts, several of whom say the company’s business fundamentals are sound and that it is a beneficiary of improving economic activity.
02 Dec 2022Read more
BNM Invites Written Feedback on Exposure Draft on Licensing and Regulatory Framework for Digital Insurers and Takaful Operators (DITOs)
Bank Negara Malaysia (BNM) issued the Exposure Draft on Licensing and Regulatory Framework for DITOs for written feedback following the issuance of the Discussion Paper earlier this year.
25 Nov 2022Read more
Larger pool of Islamic financial professionals critical to cater to broadening challenges: CIIF
A larger group of professional talents are needed globally to respond to new set of challenges brought upon by the current wave of technological innovations in the financial services industry, said Chartered Institute of Islamic Finance Professionals (CIIF).
22 Nov 2022Read more
MARC Ratings assigns preliminary rating of AAAIS(s) to PLUS' proposed RM25.2 billion IMTN Programme
MARC Ratings has assigned a preliminary rating of AAAIS(s) to Projek Lebuhraya Usahasama Berhad's (PLUS) proposed Islamic Medium-Term Notes Programme (IMTN) of up to RM25.2 billion. The rating agency has concurrently affirmed its AAAIS rating on the outstanding RM17.2 billion under PLUS' existing Sukuk Musharakah programme. All ratings carry a stable outlook.
22 Nov 2022Read more
HLISB introduces financing for underserved micro-entrepreneurs
With social finance slated to play a greater role in advancing financial inclusion and enabling social development in the country, Hong Leong Islamic Bank (HLISB) has rolled out a brand new social finance programme, Hong Leong Bank (HLB) Jumpstart – Micro Business as part of its value-based intermediation offerings.
10 Nov 2022Read more